Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies Policy and Privacy Policy.

Aviva cuts 120 more UK jobs

Aviva is shedding 120 more jobs in the UK as part of its £400m global cost-cutting drive.

It follows the insurance giant cutting 800 jobs from its life and general insurance divisions in August, which are expected to be complete by the end of the year.

The latest round of job losses are in its property claims management service, Asprea, and affect staff in Sheffield and field teams around the country.

Aviva says the cuts will be completed by the end of 2013 and follow a review of its claims service that is now being “streamlined”.

The desk-based property claims and surveyor roles in Sheffield will now merge with its existing property claims centres in Perth and Southend. Work in IT, HR, and Finance that support these teams will be transferred into the wider Aviva business.

Aviva director of property claims Caroline Cooper says: “This aims to create a simpler service for our household and commercial customers with fewer people involved in the handling of their property claim.

“But we appreciate this is also a difficult time for our employees and we will be working with them to provide the support they need and will be offering re-deployment opportunities where we can.”

Newsletter

Latest from Money Marketing

Charles Stanley has seen revenues at its financial planning division jump 20 per cent over the six months to the end of September. Results released this morning show that the discretionary fund manager and platform provider made “continued investment in the expansion of the financial planning division”, generating turnover of £3.5m compared to £2.9m for […]

The Investment Association has launched new guidelines for executive remuneration, following “shareholder rebellion” this AGM season. The trade body says that there is mounting frustration from investors that listed companies are not taking concerns about excessive pay packets for senior staff seriously, and has issued a new “Principles of Remuneration” document today. The IA has […]

A growing appetite for sustainable investments is forcing fund providers to think outside the box The rising popularity of passive investing in recent years has prompted some industry figures to ask how much further its share of the market can continue to grow. Active fund manager Baillie Gifford launched a campaign for “actual” investing earlier […]

22nd November 20188:00 am

Comments

Leave a comment

Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.